日经平均股指大跌2.58%

Market Overview - The Nikkei average index closed at 46,847 points on October 14, down 1,241 points (2.58%) from the previous weekend, primarily due to political uncertainty following the Komeito party's exit from the ruling coalition with the Liberal Democratic Party (LDP) and concerns over US-China tensions [2][4]. Political Impact - The exit of the Komeito party has led to increased political uncertainty, causing investors to withdraw from the market. The volatility index (Nikkei Volatility Index, VI) reached around 34, the highest level since April 22, indicating heightened market anxiety [4]. - Analysts express concerns about the potential for a change in government if opposition parties unite, which could lead to a lack of clarity in policy execution and delays in investments in growth sectors, further impacting the Japanese stock market [4]. Stock Performance - Stocks that were previously bought during the "Takaichi trade" following the appointment of LDP President Sanae Takaichi saw significant declines, with defense-related IHI shares dropping over 3% and cybersecurity stocks like NEC falling more than 4% [4]. - Despite the overall market decline, some stocks showed resilience, with Yaskawa Electric rising by 7% amid speculation that the exit of the Komeito party would not significantly impact corporate performance [5]. Market Sentiment - There is a prevailing market assumption that the LDP will continue to govern as a minority party, leading to expectations of limited market declines despite potential operational gridlock [5]. - Some analysts noted stronger-than-expected buying demand, suggesting that the broader fiscal expansion framework would remain unchanged even after the Komeito's exit from the coalition [5].